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Korea South
BLQ(TestValley) is a South Korean startup revolutionizing the consumer electronics market through its e-commerce platform, TestValley. The company aims to break down barriers that hinder rational consumption and innovate within the massive consumer electronics market. With the goal of becoming the No.1 vertical e-commerce platform in the untapped electronics market, TestValley is focused on creating an ecosystem that caters to various customer experiences, including the refurbished market, reward sales, insurance, and BNPL services.
TestValley currently offers Return (pre-purchase experience services) and Renew (certified refurbished products) to its customers, addressing the inconvenience faced by traditional consumers who had to rely solely on indirect experiences, such as internet reviews, when purchasing high-priced products. The company endeavors to enhance the quality of life by offering reasonably priced, certified refurbished products. Since its inception in 2019, TestValley has witnessed exponential growth, securing a seed investment from Naver Ventures in April 2020.
In the span of two years, the company has achieved over 200% monthly growth, and in May and November 2021, ATE&Partners, Strong Ventures, Base Investment, Fast Ventures, and Wonik Investment Partners collectively invested KRW 82 billion during the Pre-A and Series A funding rounds. In July 2022, TestValley crossed KRW 160 billion in cumulative transactions, with a growth rate exceeding 900% compared to the previous year. The company has onboarded key talent, including a CTO with experience at Coupang, WeMakePrice, and LINE, and a marketing lead from the first marketing team of Baemin.
BLQ(TestValley) remains committed to attracting team members who share their obsession with customer-centricity and uphold high standards in their output, emphasizing their dedication to collective growth.
